Dividend Increase – Eversource Energy (ES)



 

On
Wednesday, January 29th the Board of Directors of Eversource Energy
(ES) announced
a quarterly dividend increase of from $0.715 to $0.7525 per share
that’s payable March 31, 2025 to holders of record March 4, 2025.
This represents a 5.24% increase over the last quarterly dividend.


With current price $57.98 (today’s open),
this raise brings their dividend yield to 5.19%.



Eversource Energy is a Dividend
Champions with a 27 year streak of dividend increases. Dividend
growth rates for 1, 3, 5 and 10 years are 5.9, 5.9, 6.0 and 6.2
(Dividend
Champions.xls
)


As an owner of 55 shares of Eversource
Energy, the recent dividend increase adds $6.15 to my projected
annual net dividend income.


The increase was in line with my
expectations and I am happy to accept it.


This recent dividend increase marks the
second consecutive raise I’ve received from Eversource Energy since
initiating a position in January 2024. Over this time, the quarterly
dividend has grown from $0.675 to $0.7525 per share, representing a
11.5% increase.


Following this increase, my yield on
cost is 5.25%.


Mainos


Summary of 2025 Dividend Increases /
Cuts



Click here
to see my portfolio holdings.


You can follow the development of my
dividends here.


Full Disclosure: Long ES


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